Updated Mar 4, 2025
Empire Cannabis Clubs Signs Lease For 5th NYC Location At 424 Broadway
424 Broadway
$300
$300/SF
Building Size
4,200 SF
Asset Type
MultiFamily
Closing
Mar 1, 2023
About this deal
AI
The lease for a retail property located at 424 Broadway in New York City has been finalized. The property is owned by The Jackson Group and will be occupied by Empire Cannabis Clubs. The deal was facilitated by Meyer Saff of Retail Zone.
Summary of transation details
- Property Type: Retail
- Asking Rent: $300/ft
- Square Footage: 4,200
- Date: 03/01/2023
- Address: 424 Broadway, New York City
- Market: New York City
Empire Cannabis Clubs will be opening their fifth location in New York City at 424 Broadway. This lease agreement marks their expansion in the city. Meyer Saff, from Retail Zone, represented Empire Cannabis Clubs in this transaction. For any potential sites for Empire Cannabis Clubs, Meyer Saff can be contacted at 917-596-5976 or [email protected].
On the Map
$300
$300/SF
MultiFamily
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Players
Market MultiFamily Market Snapshot
Boundary boundary · MultiFamily · Lease transactions
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Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
52876.67%
Cash-on-Cash
-15112.31%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93